The Hancock-Henderson Quill, Inc.

FY 11 Budget Summary

by: Ralph Grimm, WC Supt.

At their regularly scheduled September 15, 2010, meeting, the West Central CUSD #235 Board of Education approved the Fiscal Year 11 (FY 11) district budget.

Our district budget year runs from July 1 through June 30. That is why it is considered a fiscal year budget and not a calendar year budget. I wanted to provide our stakeholders with some basic facts about the district and the FY 11 budget. Please consider the following:

General Information

I am not convinced of the states ability to honor the $6119 Foundation Level. I believe this to be true because in the legislation authorizing the $6119 Foundation Level, it was clearly spelled out for the first time ever, that the state board was authorized to "prorate" that amount if sufficient funds were not available. The difference in GSA between a $6119 foundation level and a $5800 Foundation Level is $296,963. We certainly hope the state will be able to honor the higher Foundation Level. If the district actually receives the job funds bill money and the higher level of GSA as outlined above, the anticipated deficit would be closer to $200,000 for the year.

As for this year's payments, our reimbursement amount should be $558,068. That figure represents 80% of our claimable expenses from last year which is to be reimbursed to us this year. However, we have been notified that we will receive only 57% of our 80% reimbursement for this year. That reduces the figure above to $318,397, a difference of $239,671. I fully expect to not receive any of the $318,397 this year and the state will then make that money become our allotment for next year.